2. Internationalization of production. As the fundamental driving force for the development of human society, productivity has greatly promoted the expansion of the world market. The scientific and technological revolution marked by the Internet has narrowed the time and space distance between countries, promoted the great changes in the world trade pattern and promoted the transnational flow of production factors. It also prepares conditions for global production and is the fundamental driving force of economic globalization.
3. Globalization of capital. With the help of the network of financial institutions all over the world, a large number of financial businesses have been carried out internationally, forming a system of transnational loans, transnational securities issuance and transnational mergers and acquisitions. The world's major financial markets are interconnected in time and linked in price, and trillions of dollars can be traded in a few seconds, especially the foreign exchange market has become the most liquid all-weather market in the world.
4. Globalization of science and technology. It refers to the optimal allocation of scientific and technological resources in various countries on a global scale, which is the latest expansion and rapid progress of economic globalization. It is manifested in the large-scale cross-border transfer of advanced technology and R&D capabilities, as well as the extensive cross-border joint R&D. With the information technology industry as a typical representative, the technical standards of various countries are becoming more and more consistent. By monopolizing the use of technical standards, multinational giants have controlled the development of the industry and gained a lot of excess profits.
Extended data:
Opportunities brought by economic globalization to China;
1, which is conducive to attracting and utilizing foreign capital, introducing advanced management theories and experiences from the world and realizing management innovation. China can introduce and absorb advanced management theories and experiences from the world, and carry out management innovation according to China's national conditions. In fact, the management of multinational companies entering China has given people a lot of inspiration and reference.
2. It is conducive to accelerating the industrialization process and upgrading the industrial structure in China. Economic globalization enables China to integrate into the world economic system more quickly, make full use of the opportunity of industrial restructuring in developed countries, transfer its relatively advanced labor-intensive industries or production links, and accelerate the industrialization process in China.
3. It is conducive to deeply participating in the international division of labor, giving play to domestic reality and potential comparative advantages, and expanding overseas markets. Economic globalization provides opportunities for China enterprises to actively participate in international competition in a wider range of fields. By exerting their comparative advantages, we can improve the efficiency of resource allocation, expand overseas markets and enhance competitiveness.
We can seize the opportunity brought by the new technological revolution, give full play to the advantages of backwardness, develop high-tech industries and realize the leap-forward development of the economy. Economic globalization has promoted the global scientific and technological activities of scientific and technological talents from all countries, multinational corporations, countries and people to become increasingly active, and to make use of foreign technology or innovate on the basis of foreign products to achieve leap-forward economic development.
Baidu Encyclopedia-Economic Globalization